. >> reporter: ever since the financial crisis whip-sawed the stock market, investors have bet big on bonds. from treasuries to corporates, the bond buying has been relentless, and the returns robust. but, it now seems the tide may be turning, as investors rediscover equities, and rebuff bonds. is it because something sinister is brewing in the bond market, or are stocks simply more attractive? u.b.s. bond expert mike schumacher says its the later. >> i think it's more exiting some of the safe haven positions they had in bonds rather than saying bonds themselves look unappealing for other reasons. >> reporter: when the u.s. government was teetering on the edge of default, the bond market looked like a good place to hide. and, now that it seems politics are out of the headlines, there's less of a need for investors to hunker down. but, some bond market pros say political risk is not going away for long. they point to the march first deadline for government spending cuts as a reason for investors to come back into bonds. >> it's always hard to parse the dialogue coming out of washington. but,
